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You should change your user name to "car killa" or something.
My old 1800E injested a nut and bent a valve and gave the same symptoms you describe. If your spark plug is damaged something has gone through there. Cross your fingers you can get by with just a new valve and associated parts. If a magnet didn't retrieve anything it could be that the screw is non-ferrous and is still in there, or that it's gone and the noise you hear is piston-valve contact. If the latter you are just digging yourself into a deeper hole by still driving it. Replacing a valve is an easy afternoon's job, but replacing a holed piston is a whole other ball of wax.
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Justin 66 122E, 71 145S Read vclassics tech!
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